Loma Bonita has a resource of 5.4Mt grading 0.9gpt gold and 28gpt silver.
It is adjacent to Azure's Mesa de Plata silver deposit containing 10.5Mt at 81gpt silver, where there is a high-grade zone of 1.8Mt at 275gpt silver.
Both are within the junior's 100% owned Alacran project, Sonora state.
As well as the infill success, Azure's step out drilling at Loma Bonita hit 36m at 1gpt gold and 13gpt silver from 12m.
Azure is drilling other targets in the area, with the company previously saying it planned to restart metallurgical tests for the two established deposits.
Azure has also flagged first cashflow this quarter from its high-grade Oposura zinc-lead trial mining venture, also in Mexico.
Azure raised A$4 million last quarter by issuing new shares priced at 17c each.
Shares in Azure were up 23% to 16c in morning trade, capitalising the company at $26 million.
